Sanyo Chemical Industries TO BUYBACK SHARES AND CANCEL STOCK

TOKYO, Aug 05 (Pulse News Wire) – Sanyo Chemical Industries,ltd. (4471.T) decided to repurchase up to 14,890,000 shares of its common stock and cancel existing treasury shares through a resolution made during its board meeting on August 05, 2026.

The buyback will occur between August 06, 2026 and February 26, 2027, with a total budget limit of ¥14.89 billion. The company's capital efficiency strategy outlined in its Medium-Term Business Plan aims to enhance shareholder value through sustainable growth and improved capital utilization. Additionally, SANYO CHEMICAL plans to implement a flexible share buyback program throughout the medium-term plan period (). The buybacks and cancellations are intended to improve capital efficiency and boost enterprise value, ultimately benefiting shareholders.

Regarding the cancellation of shares, the company resolved to cancel currently held treasury shares totaling 2,233,500 shares on October 01, 2026. Furthermore, all newly acquired treasury shares will be canceled on August 31, 2026. As of March 31, 2026, the company had 148,900,000 ordinary shares outstanding excluding treasury shares, and held 2,233,500 treasury shares. The revised forecast for the fiscal year includes an increased dividend payout ratio, resulting in an expected overall return rate of 50%.